Steven F. Rossi - 06 Sep 2021 Form 4 Insider Report for Worksport Ltd (WKSP)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Steven Rossi
Issuer symbol: WKSP
Transactions as of: 06 Sep 2021
Net transactions value: +$10
Form type: 4
Filing time: 02 Nov 2021, 15:16:00 UTC
Previous filing: 19 May 2021
Next filing: 30 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	WKSP	Common Stock						2,492,538	06 Sep 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WKSP	Non-Qualified Stock Options	Award	$10	+100,000		$0.000100^*	100,000	06 Aug 2021	Common Stock	100,000	$5.50	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Common stock owned pre reverse-split is 49,850,761. Common stock owned post reverse-split is 2,492,538.
F2	The Reporting Person was granted Non-Qualified Stock Options ("NQSOs") which represent a contingent right to receive one share of Common Stock for each NQSO at a price of $5.50. The NQSOs vest entirely on January 1st of 2022. These NQSOs expire on August 6th, 2026. The right of exercise shall be cumulative so that to the extent this Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares Subject to Option for which it is vested until the earlier of the date on which this Option is fully exercised and the Expiration Date.

Content

Common stock owned pre reverse-split is 49,850,761. Common stock owned post reverse-split is 2,492,538.

The Reporting Person was granted Non-Qualified Stock Options ("NQSOs") which represent a contingent right to receive one share of Common Stock for each NQSO at a price of $5.50. The NQSOs vest entirely on January 1st of 2022. These NQSOs expire on August 6th, 2026. The right of exercise shall be cumulative so that to the extent this Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares Subject to Option for which it is vested until the earlier of the date on which this Option is fully exercised and the Expiration Date.